Mortgage News and Notes

The Financial Markets are Smiling on Mortgage Rates

June 18th, 2019 11:30 AM by Steven Hofberg

Since the beginning of 2019, the yield on the 10-year US Treasury bond has dropped steadily. As our readers know, that bond is the one that most directly affects mortgage rates (which have fallen in lockstep). For a more detailed analysis, please read our recent blog article Bond Market Weakness Pushes Mortgage Rates Lower.

 

Over the past few weeks, the pace of decline has accelerated. Mortgage rates are now well below 4%, and approaching 3%, for 15-year term loans. If your rate is around 4.5% or above, it may make sense for you to refinance your existing mortgage. As always, your decision should be based on the numbers that apply to your particular financial circumstances. That is where RMC can help: we tailor our recommendations to your financial needs. Take a few minutes to discuss your situation with Margie and let her use her years of experience to help you.

Posted by Steven Hofberg on June 18th, 2019 11:30 AM

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